Tags: ML | Egypt | Boeing

Egypt Buys 9 Boeing Planes in $864M Deal

Wednesday, 13 July 2016 05:37 PM

CAIRO (AP) — EgyptAir says it has purchased nine Boeing planes in an $864 million deal mostly financed by the United Arab Emirates.

The airline said in a statement Wednesday that Dubai Aerospace Enterprise, which is partly owned by the investment arm of the Dubai government, will finance eight of the new planes. It did not provide further details.

EgyptAir chief Safwat Musallam says the "next generation 700-800s" have "an excellent reputation for reliability, performance and cost efficiency."

EgyptAir suffered a tragic loss in May when Flight 804, an Airbus A320 flying from Paris to Cairo, plunged into the Mediterranean Sea, killing all 66 people on board. The cause of the crash remains unknown.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
MiddleEast
EgyptAir says it has purchased nine Boeing planes in an $864 million deal mostly financed by the United Arab Emirates.The airline said in a statement Wednesday that Dubai Aerospace Enterprise, which is partly owned by the investment arm of the Dubai government, will finance...
ML,Egypt,Boeing
113
2016-37-13
Wednesday, 13 July 2016 05:37 PM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved